Funding Funerals
Funding Funerals
Inflation affects everything, including funeral costs. Why? Mainly because each year it costs more to do business. If funeral homes did not raise their costs over time, they would not be able to offer their facilities, services, and professional staff. At the same time, merchandise manufacturers and cemeteries increase their costs over time, and that will affect the total costs as well. The fact is that inflation will be a factor in the future cost of a funeral.
Why Pre-Fund?
There is something that you can do to control that. You can pay for your funeral costs in advance, and our funeral home will guarantee to provide those services paid for at any time in the future without further cost to the family.
How is this achieved? By law, all proceeds given to a funeral home to prepay for a funeral must be deposited with an independent third party until the time of death. Our funeral home will deposit the proceeds into a trust account or insurance policy, where it will receive interest. That interest helps to mitigate the role of inflation.
At the time of death, the funeral home guarantees that the original proceeds and interest received will cover any increases in the cost of the funeral home's services and merchandise
Funds that are estimated towards Cash Advances, i.e. newspapers, flowers, grave openings, and other items provided by outside parties, will be used as an allowance towards those items at the time of passing. The bottom line is that with some pre-planning, an individual can minimize or eliminate any expense that would fall on their family for a funeral.
We are Here for You
We are always at your service to answer any questions that you might have about Advanced Planning and encourage you to discuss your wishes, if not yet with us, then certainly with your family. Many people are more comfortable making these decisions with funeral professionals. If you would like us to help, call us
or send us an email using the Contact Us
form.